Acquisitions and divestitures

Sulzer AG has signed a binding agreement to acquire Nordic Water for a purchase price of SEK 1.2bn (CHF 128m). Nordic Water is a leading provider of screening, sedimentation and filtration solutions for municipal and industrial water & wastewater applications. The acquisition strengthens Sulzer’s wastewater treatment offering by complementing its equipment portfolio and provides further access to the fast-growing clean water market.

Sulzer Ltd has agreed to acquire Swiss-German privately held drug delivery device developer and manufacturer Haselmeier for an enterprise value of EUR 100 million. Haselmeier is a leading, own-IP provider of drug delivery devices such as subcutaneous self-injection pens for use in fast growing indications such as reproductive health, growth disorders, osteoporosis and diabetes. With the acquisition of Haselmeier, Sulzer will complement its healthcare portfolio and leverage its APS expertise in precision injection molding to seize growth opportunities in the fast-growing drug delivery devices market.

Sulzer acquires Alba Power, a leading independent service provider for aeroderivative gas turbines in Aberdeen, UK.

Sulzer acquires Brithinee Electric, a leading independent electromechanical service provider in Southern California, USA.

Sulzer signed a binding agreement to acquire JWC Environmental, LLC (“JWC”). JWC is a leading provider of solids reduction and removal products such as grinders, screens, and dissolved air flotation system for municipal, industrial and commercial wastewater applications. The acquisition strengthens Sulzer’s wastewater treatment offering through complementary equipment and improves its access to the key US municipal wastewater treatment market. The enterprise value is USD 215 million (CHF 212 million).

Sulzer Pumps Expands Technology Portfolio with Acquisition of Tartek Oy, Finnish Seal Manufacturer